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Posted inNews

Cloud Service UCloud Bags Landmark Series C Funding for Data Center Construction

Chinese cloud service provider UCloud announced today that it has landed nearly US$100 million of Series C financing led by Legend Capital with the participation of VMS Legend Investment Fund, DCM, Bertelsmann and GX Capital. This is largest capital injection in China’s IaaS (Infrastructure as a Service) sector so far. The company had previously received Series […]

Posted inNews

UCloud Becomes the First Chinese Cloud Service Provider to Establish Data Center in the U.S.

Chinese cloud service provider UCloud announced today that it has begun testing a new data center in Los Angeles, U.S. It’s the company’s second data center outside mainland China, with one in Hong Kong which launched in November last year. Primarily for mobile gaming, UCloud aims to provide game developers with users outside China better services with […]

Posted inNews

Chinese Cloud Service Provider UCloud Announces US$50M in Series B to Expand to North America

Chinese Cloud service provider UCloud announces US$50 million in Series B funding led by Bertelsmann Asia Investments and Legend Capital, joined by existing investor DCM who participated in the previous round of US$10 million together with Bertelsmann. UCloud, founded in 2012 by former Tencent execs, is specialized in game hosting and related Cloud services. This round of funding […]

Posted inNews

Is China ready for the 4th Industrial Revolution?

China is on its way to turn itself from the “Factory of the World” to the “Smart Factory of the World.” The goal of the upgrade is to replace low-skilled labor with high-tech machines and solutions. The Chinese government aims to automate its manufacturing with nation-wide initiatives such as “Made in China 2025” and to […]

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